Home Just In Email security specialist Mimecast acquired by Permira

Email security specialist Mimecast acquired by Permira


Email security and cyber resilience specialist Mimecast has announced that it will be acquired by Permira, a global private equity firm Under the terms of the agreement, Permira will acquire all outstanding ordinary shares of Mimecast for $80.00 per share in an all-cash transaction that values Mimecast at an equity value of approximately $5.8 billion.

Earlier this year private equity firm Thoma Bravo had acquired email security provider Proofpoint for $12.3 billion.

The Mimecast-Permira transaction is expected to close in the first half of 2022, subject to customary closing conditions.

Upon completion of the transaction, Mimecast will become a privately held company and the ordinary shares of Mimecast will no longer be listed on any public market.

“Permira has a strong track record of collaboratively supporting companies’ growth ambitions and strategic goals, and we look forward to working together to further strengthen the cybersecurity and resilience of organizations around the world. This is a great outcome for our company and our shareholders,” said Peter Bauer, chairman and chief executive officer of Mimecast.

Pierre Pozzo, Principal at Permira, added, “Mimecast is widely recognized as an established leader and innovator in the email security space with a strong and growing position in the enterprise market. We share the company’s belief in the significant opportunity ahead in cybersecurity across all collaboration channels, especially as more individuals have transitioned to a remote workplace. We look forward to partnering with the Mimecast team to accelerate the product roadmap and expand the go-to-market organization in order to drive further growth.”

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